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LET Group Holdings (HKSE:01383) 6-1 Month Momentum % : -12.24% (As of May. 14, 2024)


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What is LET Group Holdings 6-1 Month Momentum %?

6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-14), LET Group Holdings's 6-1 Month Momentum % is -12.24%.

The industry rank for LET Group Holdings's 6-1 Month Momentum % or its related term are showing as below:

HKSE:01383's 6-1 Month Momentum % is not ranked
in the Travel & Leisure industry.
Industry Median: 3.67 vs HKSE:01383: -12.24

Competitive Comparison of LET Group Holdings's 6-1 Month Momentum %

For the Resorts & Casinos subindustry, LET Group Holdings's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


LET Group Holdings's 6-1 Month Momentum % Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, LET Group Holdings's 6-1 Month Momentum % distribution charts can be found below:

* The bar in red indicates where LET Group Holdings's 6-1 Month Momentum % falls into.



LET Group Holdings  (HKSE:01383) 6-1 Month Momentum % Calculation

6-1 Month Momentum % is calculated as following:

6-1 Month Momentum %=( Price 1-month ago / Price 6-month ago - 1 ) * 100 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


LET Group Holdings  (HKSE:01383) 6-1 Month Momentum % Explanation

Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.

The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.


LET Group Holdings 6-1 Month Momentum % Related Terms

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LET Group Holdings (HKSE:01383) Business Description

Traded in Other Exchanges
N/A
Address
168–200 Connaught Road, Unit 1705, 17th Floor, West Tower, Shun Tak Centre, Central, Hong Kong, HKG
LET Group Holdings Ltd develops and operates integrated resorts across Asia, including the Russian Federation, the Philippines, Japan, Hong Kong, The PRC and Vietnam. The group also operates in the mall operation segment.

LET Group Holdings (HKSE:01383) Headlines

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